Hey Market Pilot, Yesterday we saw a steady sell-off as the market continued to break down. Today, we can see it is trying its best to bounce. Will we see more action toward the upside? In the video above, I’ll cover… The 20% overall market correctionWhy I think we are hammering out a bottomDeep-dive into the S&P 500 (SPY) chart and its price action Your Profit Pilot, TG Want to hear more from TG? Join him for a free webinar on Thursday, May 26th, as he discusses his strategy for … Read more

Hey Market Pilot,  It has been a wild few years with the craziness of the Covid-19 pandemic and all the things that the Fed did to support the economy and the market. We saw one of the strongest bull markets in history and a record number of new traders came into the market since most of us were home, twiddling our thumbs due to the stay-at-home orders. Now it seems the chickens are coming home to roost and the bull market is over. One way to see that the bull … Read more

Hey Market Pilot, Last week, I was studying the S&P 500 (SPY) price action. Upon further inspection, I saw what was looking like an air pocket forming, so I drew a visual. Now, there are additional air pockets forming… In the video above, I’ll cover… Why I thought this air pocket was forming on the SPY Where my next correction target is Why I think there is another air pocket on the IWM As we close out the rest of this week, I am remaining cautious of the market’s price … Read more

Hey Market Pilot, I’ve been studying the S&P 500’s price action, and it’s been incredibly hard to find anything to be bullish about. What are the charts telling me instead? In the video above, I’ll cover… Why I’m still bearish Coverage on the post-fed market sentiment A comparison to 2008’s SPY price action Its been a wild few weeks in the market and the charts are telling me there may be more volatility to come. Stay vigilant, traders! Your Profit Pilot, TG Want to hear from Simpler Trading’s founder, John … Read more

Hey Market Pilot, For the past few weeks, I’ve been cautioning short-side traders, as I was expecting to see a bounce. Yesterday, the FOMC spoke and we finally saw a relief rally. In the video above, I’ll cover… How the FOMC immediately affected market price action The pattern that helped me call this bounce A deep dive into the S&P 500 price action With today’s sell-off, it appears that the FOMC could only rescue the market momentarily. These next few weeks will be interesting to trade… Your Profit Pilot, TG … Read more

Hey Market Pilot, Last Friday, we saw the market plummet. Now that there has been so much action toward the downside, I find it hard to believe we can move lower without experiencing a move to the upside first — no matter how big or small that pop might be. In the video above, I’ll cover… Why I still think we are overdue for a bounce A closer look into the AAII Bull-Bear sentient chart An explanation of why there are too many bearish traders in the market While I … Read more

Hey Market Pilot, This week, we had some key players report their earnings. Now the question is, will it go lower? Or will we see a bounce? In the video above, I’ll cover… Why I think we might see a bounce A big picture overview of the market using the ES Futures chart An explanation as to why Thursday’s market action is important to watch Everyone is eager to see which way the market will turn. My thought here is that we won’t know for sure until Amazon (AMZN) and … Read more

Hey Market Pilot, Often, when a ticker becomes oversold, we are accustomed to thinking it could bounce. However, lately, that has not been the case. Many names on my watchlist are still managing to sink lower, despite being extremely oversold. In the video above, I’ll cover… Deep-dive into ARK Innovation ETF (ARKK) and why its chart is showing me a bearish pattern A closer look into PayPal (PYPL) and their steady decline Coverage on why Block Inc (SQ) saw a pop, only to fall further In a market like this, … Read more

Hey Market Pilot, Yesterday, the market action was slightly higher than I expected. With that being said, I think there are many interesting patterns and plays showing themselves if you know where to look. In the video above, I’ll cover… S&P 500 (SPY) price action Deep-dive into Pfizer’s charts and what this example can tell us Outline where I see Moxie sell signals Demonstrate market action through multiple timeframes Point out the false long patterns  Overall, it’s a very interesting time to be trading. We’ll see what the rest of … Read more

Hey Market Pilot, Since the market peaked in late March, I have called for the S&P 500 (SPY) to move to the daily 50 simple moving average (SMA). We have reached that area, and I gave the market the possibility that it could bounce at that support level. So far, price action has been very heavy, and buyers are not coming to the rescue. Below is a screenshot of the SPY, where you can see price sitting on the daily 50. One thing to note is that the daily 8 … Read more